According to a 2008 estimate, the Arctic hosts approximately 412 billion barrels of oil equivalent of conventional oil and gas resources. And since then, following
Tag: CNPC
China Finds New Oil in the North, Yet Still Lagging Far Behind US Shale Revolution
China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The field is home to two wells
Expert Analysis: African Oil – Exploration & Production, Key Players & Their Strategies
The continent’s oil sector has experienced deep-reaching changes. There was not only a drop in exploration budgets, but also a disappearance or sale of weakened
Chinese & Brazilian Oil Giants Team Up in an Investment-Oil Exchange
Brazilian state-run oil company Petrobras is close to finalizing a deal in which China National Petroleum Corp Ltd (CNPC) would make an investment in an
Market Update: Iran Doubles Gas Production at the World’s Largest Field
Iran has almost doubled its gas output at South Pars, the world’s largest gas field, in 2017. Gas production at South Pars went up from
Building a Greener Chinese Phosphate Industry
Ecophos, a world leading business solution provider of technological solutions for the major challenges of the phosphate industry, and Guizhou Chanhen Chemical Corporation signed a
Market Update: China Inks a Long-Term Deal to Import American LNG
China has entered its first long-term deal to import US liquefied natural gas, following a move by the White House to open the rapidly growing
Geopolitics of Oil: China Turns Off Its Oil Taps to North Koreaa
China did not export any oil products to North Korea last month, thus going above and beyond the sanctions that were imposed earlier this year
Russia Bypasses US Sanctions with a $27 Billion China-Funded Arctic Plant
Russia has launched a giant Arctic gas project in its efforts to bypass Western sanctions and boost ties with China. The $27 billion Yamal LNG
China’s CNPC Suspends Fuel Shippings to North Korea
China National Petroleum Corp (CNPC) has frozen its sales of fuels to North Korea, fearing that it will not get paid amidst the pressures to